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Market Analysis

April, 2022

  • 28 April 2022 5:10 pm

    US: Weekly Initial Jobless Claims fall to 180K

    There were 180,000 initial claims in the US economy in the week ending on 23 April, in line with consensus estimates and a slight decline from last week’s 185,000 reading which was revised up from 184,000, according to data released by the US Department of Labour on Thursday. That meant …

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  • 28 April 2022 4:49 pm

    US economy shrinks by 1.4% in Q1

    The annualized pace of US real GDP growth in Q1 2022 came in at a negative 1.4%, according to data released by the US Bureau of Economic Analysis on Thursday. That was a big miss on expectations that the economy had grown at an annualized pace of 1.4% in Q1 …

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  • 28 April 2022 3:28 pm

    The yen falls to its lowest level in 20 years and pressure on the euro increases

    The dollar rose against the yen above 130 yen on Thursday for the first time since 2002, after the Bank of Japan maintained its commitment to ultra-loose monetary policy, while the euro briefly fell below $1.05. There was some speculation in the market that the BoJ might pull back a …

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  • 28 April 2022 1:57 pm

    ECB Economic Bulletin: Russia’s aggression in Ukraine is causing enormous suffering

    Russia’s aggression in Ukraine is causing enormous suffering. It is also affecting the economy, in Europe and beyond. The conflict and the associated uncertainty are weighing heavily on the confidence of businesses and consumers. Trade disruptions are leading to new shortages of materials and inputs. Surging energy and commodity prices …

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  • 28 April 2022 1:06 pm

    Japan shares rise as central bank adheres to ultra-loose monetary policy

    Japanese stocks rose on Thursday after the Bank of Japan renewed its commitment to ultra-accommodative monetary policy and investors were relieved that no surprises would negatively affect the stock market. The Nikkei index rose 1.75 percent at the close, recording 26,847.90 points, the largest daily increase since April 13, after …

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  • 28 April 2022 12:23 pm

    Annual inflation in Russia rises to the highest level since 2002

    Russia’s annual inflation accelerated to 17.70 percent as of April 22, the highest level since early 2002, and up from 17.62 percent a week ago, due to sharp price hikes amid Western sanctions, the Russian Economy Ministry said on Wednesday. Prices of just about everything, from vegetables and sugar to …

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  • 28 April 2022 11:44 am

    Bank of Japan keeps policy steady

    The Bank of Japan was expected and has maintained its key interest rates at today’s meeting, continuing to defend low rates with bond-buying but is uber dovish and pessimistic in its guidance. The yen is now pushed above 129 the figure toughing a 20-year high and that is where it …

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  • 28 April 2022 11:15 am

    Russia’s Gazprom continues to export gas to Europe via Ukraine

    Russian gas pipeline operator Gazprom continued to supply Europe with natural gas through Ukraine on Thursday, according to European consumer demands, data from a Ukrainian gas pipeline operator showed. The data indicated that requests amounted to 63.4 million cubic meters on April 28.

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  • 28 April 2022 2:29 am

    Market Drivers – US Session – Wed. 27 April

    Wednesday witnessed a sharp reversal of recent yen strength, which lacked a clear trigger. Meanwhile, the US dollar has reclaimed the top spot in the daily G10 performance table, and saw the trade-weighted US Dollar Index (DXY) hit fresh more than five-year highs. The Dollar Index rallied to the north …

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  • 28 April 2022 2:06 am

    T-yields surge as investors eye clues on Fed plans

    US Treasury yields surged at the long end on Wednesday after the prior day’s rally as investors awaited greater clarity on the “restrictive” policy the Federal Reserve plans to pursue next week to combat inflation by curbing economic growth.This week a lot of the price action you’ve seen in bonds …

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  • 28 April 2022 1:12 am

    NZD/USD attempts to recover from fresh lows

    The NZD/USD pair is down by 0.33% from a high of 0.6590 but has consolidated into the close in the North American session above the tailspin lows of 0.6527. The pair has been pressured on Wednesday ahead of key data for the US on Thursday and the Federal Reserve next …

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  • 28 April 2022 12:18 am

    WTI trades near $100 as traders weigh geopolitics, China demand

    WTI crude oil continues to trade near $100 as market participants weigh European energy security developments versus China demand/global growth fears.The latest US inventory figures gave WTI some short-lived upside with the US SPR falling to its lowest since 2002. After posting a solid recovery on Tuesday following Monday’s brief …

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  • 27 April 2022 11:40 pm

    USD/CAD rallies despite overextended conditions

    USD/CAD has continued to rally despite what some might perceive to be overextended conditions. The question traders are asking at the moment is whether this is now the top.The US dollar is on fire due to fundamentals yet commodities could be on the verge of a move higher which would …

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